Delinquencies in the auto loan landscape are the highest they’ve been in the past decade. According to the New York Fed’s recent blog post, 2018 was marked by historically high levels of newly originated loans in the auto industry, with $584 billion in new auto loans and leases showing up on credit reports. At the end of 2018, more than 7 million American borrowers were behind on their auto loans by 90 days or more.Fortunately, these numbers have largely been driven by a strong overall economy, which has seen an increase in car sales since the end of the financial crisis. The rise in auto loan delinquencies has been less dramatic than the increased number of new sales in the same industry. The latest quarterly report on household debt and credit suggests that car loans have been keeping pace with the overall growth in vehicle sales in the past five years.However, this growth in auto loan participation has also seen more subprime auto loan borrowers than ever entering the market, and thus a larger group of borrowers at high risk of delinquency. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
continue reading » Here’s a scenario that may become more common as credit unions deploy remote workers as part of their COVID-19 pandemic response: A scammer looks up CU employees on LinkedIn and then calls the IT help desk using their name and title with a request. “I’m working from home,” says the scammer, “but I don’t have my work computer, and I need to log in to the network.”“Typically the IT person would say no, but in this time of stress, they’re trying to help people move quickly,” says Paul Love, chief information security and privacy officer with CUES Supplier member CO-OP Financial Services, Rancho Cucamonga, California. “Now is the time to emphasize to tech staff the critical importance of following procedures in authenticating users. That extra minute they take, while it doesn’t allow them to move to the next caller quickly, will protect their organization from an attack.”Even as credit unions take steps to keep members and employees safe by adhering to pandemic directives, the bad guys continue to test fraud defenses. Revisit these best practices with staff across the organization to underscore the need to stay vigilant: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 55-year-old Medford man was killed and a second man was injured in Rocky Point on Tuesday morning.Suffolk County police said Sean Carpenter, 25, of Medford, was driving a Subaru Outback southbound on County Road 21 when his vehicle crossed into the opposite lanes of traffic and struck a northbound Nissan Sentra, driven by Jose Amaya at 5:50 a.m.Amaya was pronounced dead at the scene. Carpenter was taken to Stony Brook University Hospital for treatment of non-life-threatening injuries.Seventh Squad detectives impounded the vehicles, are continuing the investigation and ask anyone with information on the crash to call them at 631-852-8752.
The first phase of the project will focus on rebuilding the three prominent stone chimneys above the third floor. The subsequent phases will consist of the rebuilding and restoration of porches and terraces. BINGHAMTON (WBNG) — The restoration process for the Kilmer Mansion started on Tuesday. The Kilmer Mansion is a historical landmark located at 9 Riverside Drive. The residence was home to Jonas M. Kilmer, who was a wealthy businessman in our area. The restoration of the 122-year-old mansion is expected to be a multi-year and multi-phase project. For more information and to donate to support the restoration, go to www.kilmermansion.org and https://donorswhocare.org/jonas-kilmer-mansion-fund/.
Jun 2009 North Bay Parry Sound District Health Unit E coli investigation report The update reflects an increase of four cases and two states since the CDC’s first statement on the outbreak on Jun 19. The cases are distributed broadly among all 30 of the states, with Minnesota (6), Colorado (5), and Washington (5) reporting the most. The outbreak appears to be ongoing, with cases rising above the expected baseline in May and continuing into June. The FDA also said in an update that its investigators are at the plant where the dough is made, reportedly in Danville, Va., inspecting the facility and examining records and procedures to determine how the suspected contamination could have occurred. Meanwhile, the US Food and Drug Administration (FDA) said yesterday that it is working with Nestle to ensure that products that might be contaminated with E coli O157:H7 are removed from distribution and retails shelves. The E coli outbreak stain has not turned up in microbiological tests that federal officials are conducting on cookie dough samples. However, the CDC has said preliminary epidemiological studies indicate a strong association between the E coli sicknesses and eating raw prepackaged Nestle Toll House cookie dough. The reports said 47 confirmed cases were linked to that outbreak, as well as 59 probable, 118 suspected, and 11 secondary cases. Twenty-six people were hospitalized, and 1 child developed HUS. No deaths were reported. The CDC said that, of the 70 people who were sick with the same E coli outbreak strain, advanced DNA testing has confirmed the link in 41, and test results are pending in the other cases. The ages of the patients range from 2 to 65 years, though 66% are younger than 19. Seventy-five percent are female. Of 30 patients who were hospitalized, 7 developed hemolytic uremic syndrome (HUS), a potentially fatal kidney condition. No deaths have been reported. Elsewhere, district health officials in Ontario yesterday released a report on an E coli O157:H7 outbreak that sickened hundreds of northern Ontario residents who ate at a fast food restaurant in the fall of 2008, the Canadian Press reported. They identified contaminated raw Spanish onions as the probable source and said inconsistent cleaning of a dicer might have been a contributing factor. Jun 19 CIDRAP News story “Federal officials link E coli outbreak to raw cookie dough” See also: Jun 22 FDA E coli outbreak update Nestle voluntarily recalled all varieties and sizes of its prepackaged cookie dough products on Jun 19 after it learned of the epidemiologic findings. Jun 22 CDC E coli outbreak update Jun 23, 2009 (CIDRAP News) The number of patients sickened in a multistate Escherichia coli O157:H7 outbreak linked to prepackaged Nestle cookie dough has grown to 70 from 30 states, the US Centers for Disease Control and Prevention (CDC) said yesterday.
Barcelona and Argentina captain Lionel Messi has won a legal battle over trademark rights relating to his own logo after the European Union’s top court on Thursday dismissed an appeal against the player from a Spanish cycling clothing brand.The EU’s Court of Justice in Luxembourg said in a statement it had authorised the player to register the trademark Messi, dismissing an appeal from the EU’s intellectual property office EUIPO and the Spanish company Massi.Messi first filed an application with the property office in 2011 to trademark his surname as a sportswear, footwear and equipment brand despite opposition from the owners of Massi, who argued that the player’s brand would cause confusion to customers. Topics : The EU property office upheld their complaint in 2013 and while an appeal from Messi the following year was dismissed, an appeal to the EU’s General Court in 2018 led to the original ruling being annulled.The statement added that the Court of Justice had dismissed an appeal by the clothing brand and EUIPO against the annulment, saying the General Court was correct to say Messi’s reputation was a relevant factor in establishing a difference between the player’s brand and the cycling company.Messi, 33, has been named the world footballer of the year a record six times and is the all-time top scorer for Barcelona, Argentina and in Spanish football.He was named the wealthiest soccer player in the world by Forbes earlier this month, pocketing an estimated $92 million from his salary from Barca plus $34 million in endorsements.The Argentinian made global headlines last month for declaring his intention to leave Barcelona, where he has spent his entire career, although he eventually decided to stay because he did not wish to face a legal battle with the club.
Economy, Press Release, Weather Safety Harrisburg, PA – Governor Tom Wolf today announced that the U.S. Small Business Administration (SBA) approved his request to declare a disaster in Allegheny and Westmoreland counties after significant flood damage to homes and businesses following severe storms in late June.“Low-interest loans are an important tool for those impacted by these storms,” said Governor Wolf. “We are grateful that SBA is making loans available to survivors.”Homeowners, renters and businesses impacted by the June 20 and 21 storms in Allegheny and Westmoreland counties, as well as neighboring counties Armstrong, Beaver, Butler, Cambria, Fayette, Indiana, Somerset, and Washington may be eligible for low-interest loans through the SBA Disaster Loan Programs.Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. SBA regulations permit loans up to $40,000 to repair or replace personal property. Businesses and nonprofits can borrow up to $2 million to restore damaged or destroyed buildings, inventory, equipment and assets. Loan amounts and terms are set by the SBA and are based on each applicant’s financial qualifications.The SBA will establish a Disaster Loan Outreach Center (DLOC) in both Allegheny and Westmoreland counties to assist anyone who wishes to apply for a loan, but applicants may visit either location for assistance. The DLOC will be open at the following location and times: Governor Wolf Announces Aid for Survivors of Severe Storms in Southwest Pennsylvania Allegheny CountyBethany Presbyterian Church740 Washington Ave.Bridgeville, PA 15017Westmoreland CountyLigonier Township Municipal ComplexOne Municipal Park DriveLigonier, PA 15658 Opening: Thursday, July 26 at 11 a.m.Days: Monday through Friday, 9 a.m. – 6 p.m.Saturday, July 28, 10 a.m. – 2 p.m.Closed: Sunday, July 29Closing: Thursday, August 2 at 4 p.m.SBA customer service representatives will be on hand at the disaster loan outreach center to issue loan applications, answer questions about the disaster loan program, explain the application process and help individuals to complete their applications.Individuals and businesses unable to visit the center in person may obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired), or by e-mailing email@example.com.Loan applications can also be downloaded at www.sba.gov/disaster. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloan.sba.gov/ela. Completed applications should be returned to the DLOC or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.The filing deadline to return applications for physical property damage is September 24, 2018. The deadline to return economic injury disaster loan applications is April 24, 2019. July 24, 2018 SHARE Email Facebook Twitter
Asset manager Robeco wants to attract institutional investors to finance residential mortgages in the Netherlands.An investment fund run by the €152bn asset manager has struck an agreement with Rabobank subsidiary Vista Hypotheken.Robeco and Rabobank said the asset manager’s Dutch Mortgages Fund (RDMF) would back the mortgages. The fund targets pension funds and insurers, both locally and abroad.The RDMF joins insurers – including Nationale Nederlanden, Aegon, ASR and Achmea – as well as specialist mortgage providers including DMFCO/Munt and Dynamic Credit, which issue residential mortgages financed with pension assets. According to Robeco, its fund was the first institutional product in this sector that was fully detached from the party issuing the mortgages.However, Rabobank was the owner of Robeco until 2013, when it sold most of its stake to Japanese company Orix. In 2016 it sold its remaining holdings.Rotterdam-based Robeco declined to provide details about how much it wanted to raise from investors, or whether any commitments had been made.A spokesman said it was “in advanced discussions” with both Dutch and foreign investors.Vista Hypotheken focuses on first-time buyers with the initial emphasis on mortgages with a higher loan-to-value ratio and a fixed interest period of at least 20 years.Rabobank and Robeco said that no other players had competed to fund Vista’s mortgages.In the past, Robeco itself issued residential mortgages under the label of Roparco.However, as the asset manager wanted to get rid of its banking license, Rabobank took over the portfolio in 2013, subsequently selling it to property finance company RNHB.
But you may have to adjust your expectations if you want to buy in the inner city (AAP Image/Darren England)“(In Brisbane) $500,000 provides reasonable options for anyone who wants to take part but didn’t just sell their Sydney-based, tax-free home for loads of cash,” the report said.But many inner city suburbs had little to no stock at the $500,000 entry level bracket, with even vacant land beyond that price point.“All-in-all though, because this price point is in the lower half of the Brisbane house value spectrum, the potential for gains is good,” the report said.“When markets rise, it’s often the cheaper properties that are dragged up first.”The Gold Coast, Tweed Coast and Lower Logan areas also offered many opportunities below the “lazy half million, with everything from acreage to beachfront units up for grabs.On the Sunshine Coast, previously pitched as the place to park your purse, it is getting harder to find a place below half a million dollars. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59Got a lazy $500,000 to invest? A new report has revealed the places to consider parking your money.Of the major capital cities, Brisbane offers the best bang for your buck but even Sydney, which has experienced a price correction after years of insane growth, is back in the game.And Adelaide’s metro housing market has been on a “meteoric rise”, according to the latest Herron Todd White July 2019 Month In Review report.So where should you start your hunt for an investment. In Brisbane, you can bag a basic, semi modern three-bedroom, one-bathroom house on a 400 to 600 sqm block in suburbs such as Hemmant, Tingalpa or Wynnum West.Other suburbs to watch included Keperra, Geebung, Northgate, Virginia and Banyo. MORE NEWS: Australia’s first home buyers hotspot revealed How to buy a house that’s not on the market Chris Hemsworth at Byron Bay for his health and fitness app, CentrIn Victoria, the Melbourne market is showing signs of stabilising after its own price correction, with new estates 25-plus kilometres of the CBD worth a look, especially in the southeast Melbourne area. You will need substantially more than $500,000 if you want to be neighbours with Chris Hemsworth and Elsa Pataky, whose property in the final stages of construction in Byron Bay. (Source: News Corp Australia) This house at Buddina is open to offers over $495,000More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago“It’s now difficult to enter this market at this level, although not impossible,” the report said. “There are still some beachside localities that provide this opportunity. Once again, given the coastal lifestyle which is not going out of fashion any time soon, go for it.”In Cairns, you are could be considered rich with $500,000 to spend, with that amount above the tropical cities median price for both houses and units. But again, you get what you pay for — a great house in an okay location or a renovators delight in a fab destination.In the Whitsundays, you could get a unit with views in Airlie Beach, a modern house in the suburbs of Cannonvale or Jubilee Pocket or acreage on the outskirts of town. “There have been no massive gains over the past 12 months and it appears to be holding steady … with most real estate agents advising low tenancy vacancy rates,” the report said. In Sydney, which has seen a price correction, the sub-$500,000 bracket has begun to come back in to play. This house in Lower Portland is located on the Hawkesbury River and could be yours for an offer over $370,000However, buyers will still have to sacrifice in some aspect, be it location, commute time, accommodation or the overall condition and features of the property in order to land a bargain buy.“It should come as no surprise that Western Sydney provides buyers with the most options in the sub-$500,000 price range, however there are still some options available in most parts of Sydney,” the report said. “Whilst these may be restricted to units, a number of these areas are now seeing the entry point for houses at well below $1 million, something that may not have been conceivable a year or two ago.”In Byron Bay, which is fast becoming a haven for celebrities, the $500,000 price point is “almost void” now, with nearby localities such as Ocean Shores also seeing prices hike up. You could a new house and land package in Packenham for $381,000“Thanks to these developments, home buyers are spoilt for choice when it comes to purchasing a property for below $500,000,” the report said.As for the CBD, the only option is a unit but buyers have been warned to do their research before signing on the dotted line. Property turnaround: Home values on the way up again This house at Tingalpa is listed for offers over $429,000And the options become even greater, and grander, the further afield you go, according to the latest Herron Todd White July 2019 Month In Review report.Closer to the city, where unit prices have taken a “hammering”, a unit can also offer bang for your buck. There are options around Melbourne, and the odd unit in the CBD
LNG World News Staff For illustration only (Image courtesy of CNOOC)China’s imports of liquefied natural gas (LNG) rose 95 percent in July year-on-year as the country is continuing to push its plan to cut addiction to coal to reduce pollution.The world’s largest energy consumer imported 3.12 million mt of the chilled fuel last month as compared to 1.60 million mt in July 2016, according to the General Administration of Customs data.This was the highest monthly volume since January this year when China took 3.44 million mt of LNG.In the January-July period, LNG imports increased 45 percent on year to 19 million mt with most of the supplies coming from Australia and Qatar, the customs data shows.China started importing LNG in 2006 and currently is the world’s third-largest importer of the fuel.The country’s LNG imports are expected to continue to rise on the back of higher natural gas demand and the government’s push to reduce coal usage for power generation.